International Competitiveness - Analysis

Question 1

Protectionism

Answer 1

tariff / quota

Question 2

Competitive Devaluation

Answer 2

decreases price of exports, increasing their demand - more competitive
resulting in export led economic growth

Question 3

Investment in Infrastructure

Answer 3

better roads/rail/airports - decrease journey times - increase productivity - decrease cost per unit - decrease export price - more competitive

Question 4

Increasing access to finance for businesses

Answer 4

cheap loans - increased willingness to invest - increase quality capital/productivity - decrease cost per unit - decrease export price - more competitive

Question 5

Encouraging businesses to invest

Answer 5

&laquo_space;can use money that would’ve been taxed to invest - increased willingness to invest - increase quality capital/productivity - decrease cost per unit - decrease export price - more competitive

Question 6

Cutting corporation tax

Answer 6

&laquo_space;can use money that would’ve been taxed to invest - increased willingness to invest - increase quality capital/productivity - decrease cost per unit - decrease export price - more competitive

Question 7

Simplifying business regulation

Question 8

Creating an educated workforce